Victory Capital Management Inc. Raises Position in Twilio Inc. (NYSE:TWLO)

Victory Capital Management Inc. increased its holdings in Twilio Inc. (NYSE:TWLO) by 41.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,903 shares of the technology company’s stock after purchasing an additional 11,472 shares during the quarter. Victory Capital Management Inc.’s holdings in Twilio were worth $2,537,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Affinity Investment Advisors LLC bought a new stake in Twilio in the 3rd quarter worth $434,000. Wealth Enhancement Advisory Services LLC grew its holdings in Twilio by 167.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after acquiring an additional 9,141 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Twilio in the 3rd quarter worth $2,168,000. Susquehanna Fundamental Investments LLC grew its holdings in Twilio by 78.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock worth $4,041,000 after acquiring an additional 31,227 shares during the last quarter. Finally, Farmers Trust Co. grew its holdings in Twilio by 58.1% in the 3rd quarter. Farmers Trust Co. now owns 57,143 shares of the technology company’s stock worth $3,727,000 after acquiring an additional 21,001 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Wall Street Analyst Weigh In

TWLO has been the topic of a number of recent analyst reports. Sanford C. Bernstein raised their price target on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, August 27th. Oppenheimer lifted their target price on shares of Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. TD Cowen lifted their target price on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Wells Fargo & Company raised shares of Twilio from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $80.00 to $120.00 in a research note on Tuesday, November 12th. Finally, Northland Securities boosted their price objective on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Twilio presently has an average rating of “Hold” and an average price target of $83.70.

Insider Activity at Twilio

In related news, insider Dana Wagner sold 4,174 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.02, for a total transaction of $271,393.48. Following the completion of the sale, the insider now directly owns 152,563 shares in the company, valued at approximately $9,919,646.26. The trade was a 2.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the sale, the chief executive officer now owns 278,134 shares of the company’s stock, valued at $18,087,054.02. This trade represents a 3.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,946 shares of company stock worth $3,354,771. 4.50% of the stock is owned by company insiders.

Twilio Stock Up 2.2 %

TWLO opened at $104.35 on Friday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average price of $76.32 and a 200-day moving average price of $64.80. Twilio Inc. has a twelve month low of $52.51 and a twelve month high of $104.74. The stock has a market capitalization of $16.01 billion, a price-to-earnings ratio of -40.60, a PEG ratio of 2.95 and a beta of 1.32.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.